Getting your player ready...
IHS Inc., which offers risk analysis and industry forecasting services, said Wednesday its fiscal third-quarter net income climbed 15 percent, as revenue rose mainly because of acquisitions. The performance trumped Wall Street expectations.
Last month, IHS raised its full-year revenue forecast to reflect its purchase of Seismic Micro-Technology.
IHS reported net income of $39.6 million, or 60 cents a share, in the quarter that ended Aug. 31, up from $34.6 million, or 53 cents a share, in the same quarter last year. Revenue jumped 25 percent to $340.5 million.
